Dow Futures Plunge 622 Points, WTI Oil Surges 12% as Iran War Shocks Weekend Markets

Following US-Israel military strikes on Iran, Dow Jones futures sank 622 points in extended trading as investors priced in a potentially prolonged conflict. WTI crude oil futures surged up to 12% on electronic platforms. Analysts at Rystad Energy warned prices could jump $10-$20 per barrel when markets reopen Monday without signs of de-escalation. Gold extended gains above $5,250 per ounce while the Iranian rial collapsed approximately 30% to an all-time low of 1,749,500 per USD.